MCX-SX : Born of one more equity trading exchange
MCX-SX is new entrant in
trading exchange space. It trade in equity and equity derivatives segment. Now in our country the no. of full fledged
equity exchange become three. It has begun trading from yesterday with lower
volume than expectation. It offer platform for trading 1,116 stocks. MCX-SX benchmark
index has 40 stocks. Let us review our other trading exchange’s landmark event.
From 1979 to 1994 BSE
(Bombay Stock Exchange) has been dominant player in the exchange trading. When
NSE(National Stock Exchange) has commenced trading operation in the Indian
share market BSE was the dominant player in the market at that time. BSE was
top in the 1993-94 with Rs 84,500 crore turnover. BSE had 40% market share as
the total turnover of all exchanges was around 2 lakh crore. Launch of NSE’s
online trading platform was turning point for NSE. It has transformed India’s
capital market with well managed institution. NSE has also won the people’s
trust by providing modern technology and efficient trading platform. Till
1995-96 NSE has become the largest exchange of Indian in terms of turnover.
Before launching online platform, the retail investor was not participant in
equity market. But it has given the market access to everyone. Anyone can trade
in India from anywhere. From 1995 to 2001 cas segment has grown over 10 times.
But from 2000-01 to till
date cash segment turnover has not been very good. In fact it is declining from
2010-11. The main reason behind this decline is a new derivative segment has
come in the picture from 2000. Future and options has witnessed a huge success among traders.
According to FY 2012 data the turnover size of derivative segment is 35,77,998
crore.
In spite NSE’s effort debt
market segment is still waiting for success. There is almost no trading in
retail debt market. We hope now MCX-SX will give new boost to the cash market
in equity and debt market segment.
If you have any query about investment or financial
planning feel free to ask through mail.
Regards,
Arvind Trivedi
Certified Financial
Planner
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